Question
Winny's office furniture has a contribution margin ratio of 16%. If fixed costs are $186,300, how many dollars of revenue must the company generate in
Winny's office furniture has a contribution margin ratio of 16%. If fixed costs are $186,300, how many dollars of revenue must the company generate in order to reach the break-even point?
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Financial Management for Public, Health and Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
5th edition
1506326846, 9781506326863, 1506326862, 978-1506326849
